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Spring Is Here

Oh, and the Swedish Finance Minister presented his first Spring Budget this week.

The Swedish budget process is a bit difficult to explain in simple terms but basically the state budget is presented in two stages where the Spring Budget is supposed to set the frames and maximums for the later, more detailed budgets. The idea behind the Spring Budget was to put some effective limits on the tendencies to more or less incremental budget increases and grew out of the economic crises of the 1990’s.